Tether Invests $200 Million in Blackrock Neurotech for Innovative Brain-Computer-Interface Technology
In a groundbreaking move, Tether, the leading company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a pioneer in Brain-Computer-Interface (BCI) technology. This investment marks the launch of Tether’s new venture division, Tether Evo, which CEO Paolo Ardoino describes as a key pillar of the company’s long-term vision and strategy.
Ardoino highlighted Tether’s commitment to investing in technologies that enhance people’s lives, stating, “We believe in the importance of giving back, investing in technologies that improve the lives of people.” He noted Tether’s success with its stablecoin, USDt, in the finance sector and expressed the company’s goal to support peer-to-peer technologies and AI infrastructure through partnerships with firms like Holepunch, Keet, Pears, and Northern Data.
Describing Tether Evo as a natural progression for the company, Ardoino emphasized the focus on human potential, stating, “We want to help the millions of people around the world afflicted with paralysis, lost function, and neurological disorders that prevent them from walking, seeing, hearing, feeling, or talking.”
The investment in Blackrock Neurotech aligns with this mission, as the company’s implants have showcased impressive capabilities, including enabling thoughts to text at 90 characters per minute, thoughts to speech at 62 words per minute, direct interaction with computers, control of robotic limbs, restoration of sensation, and improved brain-to-device communication.
Blackrock Neurotech has gained attention for its cutting-edge technology, with patient Nathan Copeland using a Blackrock BCI to control a robotic arm and even fist bump then-U.S. President Barack Obama, feeling the President’s hand through implants in his sensory cortex. The technology has also empowered patients to operate robotic arms, maneuver wheelchairs, send messages, surf the web, and drive a car using only their thoughts.
This investment comes as Tether expands and diversifies its operations. With a market cap exceeding $109 billion and a significant position in US Treasury bills, the company is venturing into sectors such as peer-to-peer communications, Bitcoin mining, education, and artificial intelligence. Tether has introduced a multi-divisional framework comprising Tether Data, Tether Finance, Tether Power, and Tether Edu, each focusing on different aspects of promoting decentralized, resilient financial systems and financial inclusion.
Ardoino stressed that Tether Evo is a long-term endeavor, stating, “Step by step. We are unstoppable together.” The investment in Blackrock Neurotech and the wider vision for Tether Evo demonstrate the company’s dedication to pushing the boundaries of human potential and technological progress.
As Tether continues to evolve and expand its reach, both the crypto community and beyond will be closely monitoring how the company’s initiatives, particularly in the biotech sector, will shape the future of finance, technology, and human advancement.
